BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Cuts Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 12.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 216,819 shares of the technology company's stock after selling 32,154 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Hewlett Packard Enterprise were worth $4,436,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. RPg Family Wealth Advisory LLC acquired a new stake in Hewlett Packard Enterprise in the 3rd quarter worth approximately $25,000. Valley Wealth Managers Inc. purchased a new position in shares of Hewlett Packard Enterprise in the third quarter worth about $26,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 571.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company's stock worth $28,000 after purchasing an additional 1,143 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Hewlett Packard Enterprise in the second quarter valued at approximately $28,000. Finally, Financial Management Professionals Inc. increased its holdings in Hewlett Packard Enterprise by 80.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company's stock worth $29,000 after buying an additional 637 shares during the period. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Trading Up 0.3 %

HPE stock traded up $0.05 during trading on Tuesday, reaching $21.31. 9,324,488 shares of the stock were exchanged, compared to its average volume of 15,115,915. The business has a 50 day moving average price of $20.76 and a 200-day moving average price of $19.82. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $22.82. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $27.67 billion, a price-to-earnings ratio of 15.22, a P/E/G ratio of 3.32 and a beta of 1.21.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. The company had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 earnings per share. On average, research analysts predict that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 2.44%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 37.14%.

Insiders Place Their Bets

In related news, CEO Antonio F. Neri sold 250,000 shares of the business's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the completion of the transaction, the chief executive officer now owns 1,508,641 shares in the company, valued at approximately $31,274,127.93. The trade was a 14.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jeremy Cox sold 7,770 shares of the firm's stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total value of $163,170.00. Following the completion of the sale, the senior vice president now owns 7,771 shares in the company, valued at approximately $163,191. This represents a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 426,012 shares of company stock worth $8,599,617 over the last ninety days. Corporate insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

HPE has been the topic of several recent research reports. Barclays raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $20.00 to $24.00 in a report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They set a "hold" rating and a $22.00 price target on the stock. Loop Capital increased their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a research note on Monday, September 9th. Citigroup increased their price target on Hewlett Packard Enterprise from $20.00 to $23.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 19th. Finally, Susquehanna restated a "neutral" rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of "Hold" and a consensus price target of $22.21.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.